Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 12-Month High – Should You Buy?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $69.41 and last traded at $69.38, with a volume of 17753 shares changing hands. The stock had previously closed at $69.16.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. The business has a fifty day moving average of $68.11 and a 200 day moving average of $64.57.

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMFL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 4th quarter valued at approximately $26,000. Flagship Harbor Advisors LLC bought a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter valued at approximately $29,000. Sound Income Strategies LLC acquired a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the first quarter valued at $37,000. O Shaughnessy Asset Management LLC raised its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock valued at $37,000 after purchasing an additional 258 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% in the first quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock worth $43,000 after purchasing an additional 160 shares during the period.

Invesco Russell 1000 Dynamic Multifactor ETF Company Profile

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks selected by a combination of five investment factors, which are weighted based on current macroeconomic conditions. OMFL was launched on Nov 8, 2017 and is managed by Invesco.